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TOKYO, Dec 2 (Reuters) - Japan, Britain and Italy will announce a groundbreaking agreement as early as next week to jointly develop a new advanced jet fighter, two sources with knowledge of the plan told Reuters. The push to merge the British led Tempest jet fighter project with Japan's F-X fighter programme was first reported by Reuters in July. It will be the first time that Japan has collaborated with countries beyond the United States on a major defence equipment project. The announcement will come before Japan releases a new national security strategy and military procurement plan around mid December, the sources said. Reporting by Tim Kelly Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Japan and Britain hope to agree by the end of the year to merge their next-generation Tempest and F-X fighter programmes, sources said in July. Those talks, aimed at a joint project to field a plane in the mid-2030s, remain on track, according to four other people familiar with the discussions. Japan ended a ban on military exports in 2014 in a bid to promote overseas sales. An export boom, however, failed to materialize because Japan only allowed sales of non-lethal gear such as surveillance and rescue equipment. LDP lawmakers, Onodera said, are also discussing a joint U.S-Japan command structure that could be formed for national emergencies.

☆ CoinDesk's chief content officer breaks down crypto media's advertising challenges and how he's steering the site through by exploring opportunities in NFTs and Web3
▼ + stars: | 2022-11-23 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

The incident has led to stress on other crypto companies, including one owned by CoinDesk's parent company. It's all unfolding as media companies fend off cuts and layoffs and an industry-wide slump in advertising revenue, which has seen big crypto companies like Grayscale, Binance, and Coinbase slash their advertising budgets. In an email to Insider, Casey reiterated that the incident does not impact CoinDesk's business. Are you a crypto or media insider with insight to share? Disclosure: Axel Springer is Insider's parent company.

Take big law firms and Twitter. “Lawyers and law firms must struggle to stay visible, posting regularly, getting followers, and tweeting regularly. Consider, for example, Quinn Emanuel Urquhart & Sullivan, which has 1,587 Twitter followers – among the fewest of Am Law 100 firms. “To date, the firm’s social media efforts have focused on platforms that are most aligned with recruiting — LinkedIn and Instagram,” the spokesman said via email. Will law firms pony up $8 a month for the blue check now?

Nicole, newly classified as a hurricane, was packing sustained winds of up 75 miles per hour (120 km per hour) as it made landfall on Grand Bahama Island, the Miami-based National Hurricane Center reported. Grand Bahama, Bimini and the Berry Islands in the northwest corner of the island nation remained under a hurricane warning. As the storm closed in earlier in the day, some Bahamas residents fled their homes amid fierce winds and flooding. Storm surge caused widespread devastation to Florida's Gulf Coast when the last major storm, Hurricane Ian, crashed ashore there on Sept. 28, causing an estimated $60 billion in damage and claiming more than 140 lives. Several counties along the Florida coast issued mandatory orders and voluntary evacuation advisories for homes near the shore and on barrier islands.

By pointing to 2027 as the moment when East Asia's power balance may tip in China's favour, Japan's government can rally support for greater defence spending, he added. At a congressional hearing last year, U.S. Indo-Pacific commander Admiral Philip Davidson said that China's threat against Taiwan could "manifest" that year. Japanese defence ministry officials did not immediately respond to a request for comment. In July, Prime Minister Fumio Kishida won national upper house elections with a pledge to "substantially" increase defence spending. The splurge of defence spending should also benefit U.S. suppliers such as Lockheed, Boeing Co (BA.N) and Northrop Grumman Corp (NOC.N).

☆ Biden Administration Grants Waiver Allowing Diesel Shipment Into Puerto Rico
▼ + stars: | 2022-09-28 | by ( Paul Page | Andrew Restuccia | ) www.wsj.com time to read: +3 min

The Biden administration on Wednesday approved a temporary waiver to Jones Act shipping restrictions to allow a tanker to deliver diesel fuel to Puerto Rico needed to run generators following the devastation caused by Hurricane Fiona. The BP vessel, which picked up its fuel cargo in Texas, is flagged to the Marshall Islands. The law is aimed at preserving U.S. maritime operations as a national security backup to the armed forces. Critics say the law drives up shipping prices and creates a barrier to speedy services following natural disasters and other times of need. Mr. Mayorkas said he made the decision to grant the waiver in consultation with the departments of Transportation, Energy, and Defense, and with input from Puerto Rico Gov.

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